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20110701
20110731
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editor. chris s the president, you know, he's had interviews with npr, today he was in maryland at this university. is the president signaling that he may be getting close to agreeing to a deal that would raise this debt ceiling and that would have no tax hikes in it? >> reporter: well, he'll have to give his base something. he can't expect them to walk into this without even a symbolic tax increase. but, yes, obviously, what's happening now is the president is trying to soften the blow for his supporters being in a deep blue, very liberal state like maryland, being on a college campus be, rallying supporters in if a campaign-style event and, as you said, going on national public radio. these are all efforts on the president's part to reach out to liberals and say, look, i don't want to do a deal like this, but i have no choice so please understand me as i have to do this. martha: all right. we've got another piece of sound we want to play for everybody in relation to this. >> in order for us to solve the debt deficit problems, we've got to cut spending that we don't need, we ha
. on the other hand, we don't want gaps in consumer protection. both cnn and npr have reported that banks which are not within fcc's jurisdiction are selling information that they collect from credit and debit purchases. that is, they are selling their consumers entire purchase histories to retailers. also privacy legislation -- if such legislation is limited to a select group of data collected. for example, if privacy legislation is limited to companies within the ftc's jurisdiction, as are many of the current proposals, the house and the senate, retailers such as amazon would be limited in collecting and selling data about a consumers shopping habit. citibank would be totally free to collect and sell that same information to amazon. do any of you have any concerns about such a scenario? >> i can address the question, and i will do it in reference to the draft bill that was discussed earlier, the data act, where the agency does have a concern if drafted. breach notification, there's a carpet for entities that we subject to the ftc's jurisdiction so we do have a concern about that gap. >> some
the debt and, many tea partiers and many americans think we can cut out spending on npr and arts funding and foreign aid and that will take care of the debt problem and that is less than 1% of the budget, you have to cut the programs americans don't touched and the democrats keep swearing, oh, we'll never touch medicare and social security, well then we'll have debts and, deficits as far that's eye can see. >> michelle bachmann said she doesn't think we have to raise the debt ceiling. what are your thoughts. >> i'm very interested in the, because it doesn't make any sense. we have enough revenue coming in from the taxes, month-to-month, week-to-week, to service the national debt and pay social security, and medicare and medicaid. so i don't understand why our rating would go down unless the ratings agencies are trying to suck up to the democrats, on the other hand, i have seen some economists say, yes, it will lower our debt rating and will make -- it doesn't make any sense, because it is the equivalent of, you payer mortgage month-to-month and make those piloavements and you stop buying
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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